Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — FY2025 Earnings Presentation
33 slides from Marathon Nextgen Realty's earnings presentation, May 22, 2025
Slide 1: Stock exchange filing cover letter
May 22, 2025 To, BSE Limited, NSE Limited, Listing Department, Listing Department, P.J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai – 400001. BKC, Bandra (East), Mumbai – 400051. Scrip Code: 503101 NSE Symbol: MARATHON Sub: Investor Presentation – Fourth Quarter and year ende
Slide 2: Investor Update for the Year Ended 31st March 2025
Marathon Nextgen Realty Limited I NV E S T O R UP DATE For the Year Ended 31st March 2025
Slide 3: Disclaimer
DISCLAIMER Forward-Looking Statement This presentation has been prepared by Marathon Nextgen Realty Limited (the “Company” or “MNRL”) solely for information purposes. This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Compan
Slide 4: Who We Are
WHO WE ARE COMPANY OVERVIEW Established PORTFOLIO INCLUDES PROJECTS AT ‣ Commercial ‣ Panvel in 1978 ‣ Luxury residential ‣ Byculla ‣ Townships ‣ Lower Parel ‣ Affordable housing & retail ‣ Bhandup ‣ Mulund Marathon Nextgen Realty LTD | Investor Update Q4 FY-25 3
Slide 5: Major Acquisition & Milestones
MAJOR ACQUISITION & MILESTONES COMPANY OVERVIEW GENESIS OF MARATHON NEXTGEN REALTY LTD Marathon Nexzone 2002 • Laid foundation with its first land parcel: 8 Acres acquired from Piramal Spinning & Weaving Mills LTD • Successfully settled lenders & 1310 mill workers through BIFR* • Which later in 2007
Slide 6: Major Acquisition & Milestones
MAJOR ACQUISITION & MILESTONES COMPANY OVERVIEW 2019 ACQUIRED TERRAPOLIS ASSETS PVT LTD 2019 ACQUIRED SANVO RESORTS PVT LTD 2023 ACQUIRED NEXZONE FISCAL SERVICES LTD 2025 AMALGAMATION AND ARRANGEMENT Board approved amalgamation of certain entities of the promoter and promoter group into MNRL, Monte
Slide 7: Amalgamation & Arrangement
Amalgamation & Arrangement Marathon Nextgen Realty LTD | Investor Update Q4 FY-25 6
Slide 8: Current Structure
CURRENT STRUCTURE COMPANY OVERVIEW 73.63% Marathon Nextgen Promoter & Promoter group Realty Limited Dombivali Panvel Bhandup Lower Parel Assets in (83 Acres + live Bhandup Mulund Byculla Panvel (205 Acres) (130 Acres) Ready asset MNRL project) MPIPL MWSPL MEPDPL 40% (90% share (100% Share (100% shar
Slide 9: Post Merger Structure
POST MERGER STRUCTURE COMPANY OVERVIEW Marathon Nextgen Realty Limited Assets of MNRL Assets in Subsidiaries of MNRL Assets in LLP Two MEPL MPIPL NFSPL MWSPL NLPL TAPL SRTLLP Panvel Panvel Central (Holding (Holding (Holding (Holding (Holding (Holding (Holding Bhandup Futurex 1 (33 Futurex 2 Chambers
Slide 10: Gaining Access to an Additional Land Bank
GAINING ACCESS TO AN ADDITIONAL LAND BANK COMPANY OVERVIEW Panvel Bhandup Dombivli 205 acres of land 130 acres of land 83 acres of land 1 acre has an estimated developable 1 acre has an estimated developable 1 acre has an estimated developable area of about 69,697 Sq.Ft.* area of about 137,465 Sq.Ft
Slide 11: Merger Process, Valuation
MERGER PROCESS, VALUATION COMPANY OVERVIEW Rationale: Reduction in the number of legal entities Simplification of the group structure Reduction of managerial overlaps avoiding duplication of administrative functions Valuation: While considering the valuation report, the members of the Boar
Slide 12: Pre & Post Merger Portfolio Snapshot
PRE & POST MERGER PORTFOLIO SNAPSHOT COMPANY OVERVIEW Unsold Area MNRLShare of area S. No. Project Portfolio Location % ownership (Sq.Ft.) Unsold (Sq.Ft.) 1 Monte South (Residential) Existing Portfolio Byculla 40% 938,108 375,243 2 Monte South (Commercial) Existing Portfolio Byculla 40% 750,000 300,
Slide 13: Business Highlights – FY25
BUSINESS HIGHLIGHTS – FY25 COMPANY HIGHLIGHTS • Board approved amalgamation of certain entities of the promoter and promoter group into MNRL, subject to shareholders and statutory approval • Debt reduced by over ₹ 20,066.53 Lakh along with reduction in cost of debt in the fiscal year. • Panvel land
Slide 14: Result Highlights (Consolidated) – FY25
RESULT HIGHLIGHTS (CONSOLIDATED) –FY25 FY25 HIGHLIGHTS 265,376 Sq.Ft. ₹ 60,502.70 Lakhs ₹ 52,363.87 Lakhs Area Sold Booking Value (Registered) Collections ₹ 58,013.53 Lakhs ₹ 67,640.37 Lakhs ₹ 26,931.48 Lakhs Revenue from operations Total Income EBITDA 39.82% EBITDA MARGIN ₹ 20,788.79 Lakhs ₹ 19,053
Slide 15: Sales & Collection (Consolidated)
SALES & COLLECTION (CONSOLIDATED) COMPANY HIGHLIGHTS Realisation Project Area Sold Booking Value Registered Collection Per Sq.Ft. (in Sq.Ft.) (in ₹ Lakhs) (in ₹) (in ₹ Lakhs) Monte South* 49,794 17,156.49 34,455.21 14,152.23 Nexzone 106,689 11,273.51 10,566.66 8,457.91 Neopark/ Neo Square 4,957 772.
Slide 16: Annual (Consolidated)
ANNUAL (CONSOLIDATED) ANNUAL HIGHLIGHTS Revenue EBITDA PAT (₹ IN LAKHS) (₹ IN LAKHS/ MARGIN (%)) EBITDA Margin (₹ IN LAKHS) PAT Margin 28.17% FY25 67,640.37 42.00% 39.82% 30,000.00 30.00% 25,000.00 22.63% 36.75% 25.00% 40.00% 25,000.00 37.12% 20,000.00 38.00% 20,000.00 20.00% 16.30% 15,000.00 FY24 7
Slide 17: Debt Profile
DEBT PROFILE ANNUAL HIGHLIGHTS Net Debt Net Debt to Equity Ratio Cost of Debt (₹ In Lakhs) (Number of time - x) (In %) 1.20 1.07 1.2 FY25 54,212.18 14.7% 1.00 1 0.80 0.75 0.8 15.0% 1 14.5% 1 0.46 14.0% 0.60 0.6 1 13.5% 12.5% 12.3% FY24 75,057.77 13.0% 1 0.40 0.4 12.5% 0 12.0% 0.20 0.2 0 11.5% 11.0%
Slide 18: Key Ongoing Projects: Monte South
KEY ONGOING PROJECTS PORTFOLIO Monte South ▪ 4 proposed residential towers of 64 storey and 1 proposed commercial tower on a 12.2-acre plot ▪ 3 towers launched with spacious 2 and 3 BHK homes ▪ OC received till 64th floor of Tower A ▪ Amenities like a podium beach, Amazon-themed landscaping and more
Slide 19: Key Ongoing Projects: Marathon Neopark, Neosquare
KEY ONGOING PROJECTS PORTFOLIO Marathon Neopark, Marathon Neosquare ▪ Affordable housing project in Bhandup West, Mumbai ▪ Studio, 1 & 2 BHK flats ▪ 2 projects launched –Marathon NeoPark and Marathon NeoSquare in this cluster ▪ Range of amenities including clubhouse, kids play area, terrace garden a
Slide 20: Key Ongoing Projects: Neovalley
KEY ONGOING PROJECTS PORTFOLIO Neovalley ▪ Affordable housing project in Bhandup West, Mumbai ▪ Studio, 1 & 2 BHK flats ▪ 2 projects launched - Narmada & Kaveri, in this cluster ▪ Range of amenities including clubhouse, kids play area, terrace garden and much more. Marathon Nextgen Realty LTD | Inve
Slide 21: Key Ongoing Projects: Millennium
KEY ONGOING PROJECTS PORTFOLIO Millennium ▪ Metro-adjacent offices on LBS road, Mulund ▪ Received OC up to 20th floor Marathon Nextgen Realty LTD | Investor Update Q4 Q1 FY-25 20 01
Slide 22: Key Ongoing Projects: Nexzone
PORTFOLIO KEY ONGOING PROJECTS Nexzone ▪ 1, 2 & 2.5 BHK homes with amenities, clubhouse and retail promenade for daily needs and more ▪ 16 towers spread across 25 acres and additional 4 towers proposed in the future phase ▪ Location – Close proximity from the upcoming Navi Mumbai International airpo
Slide 23: Key Ongoing Projects: Futurex
PORTFOLIO KEY ONGOING PROJECTS Futurex ▪ Commercial high-rise structure in Lower Parel ▪ Flexible office spaces ranging from 800 Sq Ft to 2,00,000 Sq.Ft. ▪ Received OC till 37th floor and partly for 38th floor Marathon Nextgen Realty LTD | Investor Update Q4 Q1 FY-25 22 01
Slide 24: Unsold & OC Ready Inventory
PORTFOLIO UNSOLD & OC READY INVENTORY OC Ready unsold inventory Project Area (in Sq.Ft.) Monte South* 1,25,984 Nexzone 50,810 Futurex 59,317 TOTAL (Based on 100.00% share) 2,36,111 MNRL Share (Based on MRNL’s share) 1,60,520 As of March 31, 2025 * Based on 100% shares for all projects Marathon Nextg
Slide 25: Ongoing Projects
PORTFOLIO ONGOING PROJECTS Sale Value of Collection from Total Carpet Area Area Sold in Sq. Ft. Project Name Location Ownership Completion (%) Registered Units (₹ Sold Area (₹ in (Sq.Ft.) (Registered Units) in Lakhs) Lakhs) Residential Monte South (Tower B) Byculla 40% 417,667 65.43% 254,138 82967.9
Slide 26: Upcoming Projects
PORTFOLIO UPCOMING PROJECTS Project Location Ownership Total Carpet Area (in Sq.Ft.) Monte South Phase 3 Residential * Byculla 40% 4,00,000 Monte South Phase 3 Commercial * Byculla 40% 7,50,000 Nexzone Phase 3 Residential* Panvel 91% 3,12,500 Nexzone Phase 3 Commercial* Panvel 91% 1,25,000 NeoPark P
Slide 27: Awards
RECOGNITION AWARDS "Best Ultra Luxury Project Our Chairman of the Year 2023” Mr Chetan R Shah at Zee Real Estate & was honored as at the Business Excellence Hurun & Grohe Conclave 2023 Award Monte South Top Challenger Awards Developer of the Year Estrade Construction World real estate Awards Global
Slide 28: Marathon's Growth Drivers
MARATHON'S GROWTH DRIVERS Diversified Portfolio Strategically positioned Land Bank Experienced Promoter & Management team Marathon Nextgen Realty LTD | Investor Update Q1 FY-25 27 01
Slide 29: Diversified Portfolio for Risk Mitigation
DIVERSIFIED PORTFOLIO FOR RISK MARATHON'S GROWTH DRIVERS MITIGATION Affordable housing Premium and Office space Retail space and mid-income Luxury Housing Diverse Portfolio Mix : Marathon’s diversified housing portfolio includes premium and luxury housing 1,425,556 671,312 566,031 2,379 (Monte South
Slide 30: Strategically Positioned Land Banks
STRATEGICALLY POSITIONED LAND BANKS MARATHON'S GROWTH DRIVERS The holding company of Marathon Nextgen Realty Ltd along with members of Promoter Group own more than 400 acres of land in prime real estate micro markets in MMR. Marathon intends to exclusively utilise the landbank of the holding company
Slide 31: Experienced Promoter & Management Team
EXPERIENCED PROMOTER & MARATHON'S GROWTH DRIVERS MANAGEMENT TEAM Mr. Chetan Ramniklal Shah Mr. Mayur Ramniklal Shah Mrs. Shailaja Chetan Shah Director Director Chairman and MD • Civil Engineer from University of Bombay • Part of Promoter Group • B. Tech. (Civil Engineering) from IIT and M.S. in Stru
Slide 32: Experienced Promoter & Management Team
EXPERIENCED PROMOTER & MARATHON'S GROWTH DRIVERS MANAGEMENT TEAM Mr. Kaivalya Chetan Shah Mr. Samyag Mayur Shah Mr. Parmeet Mayur Shah Director Director Member of Promoter Group • BS - Structural • BA - Economics, University of • MS, Columbia University . Engineering, University of California, San D
Slide 33: Thank You
THANK YOU Marathon Nextgen Realty Limited MR. AVINASH TANAWADE P: +91 22 6724 8484 E:Avinash.tanawade@marathonrealty.com 32
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